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Not Even Mail Safe amid Brutal
Recession Correo Argentino, a private firm running
the national post office, filed for bankruptcy protection to dig its
way out of massive debt with a cash-strapped government that in turn
allegedly has not paid the firm millions of dollars owed. The firm said
in a statement it owed $250 million to the government while the government
had not paid $112 million in dues — a vicious circle increasingly common
in a recession-hit economy where firms and suppliers no longer have
any cash. The Argentine government is fighting a liquidity crunch of
its own amid a deep three-year economic slump that has forced its national
airline and even cherished soccer clubs to take similar action to seek
refuge from their creditors. The government granted a 30-year contract
in 1997 to operate Correo Argentino to private holding company Sociedad
Macri in return for twice-yearly payments of $53 million. If Correo
Argentino's plea for protection is granted by courts, it will have the
possibility to renegotiate its debts.
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Remarks:
债台高筑如阿根廷的国家还不少,难怪不久前国际货币基金组织(IMF)提出了国家申请破产保护的方案。 |